A Bright Future for BNPL Is in the (Bank) Cards
Buy now, pay later plans from the Klarnas of fintech introduced many online buyers to installment payments, but banks are poised to move in.
The latest trends in credit cards, including contactless cards, virtual credit cards, rewards cards, mileage programs, travel points, cash-back loyalty incentives, balance transfer offers, rates/APRs, and other marketing strategies issuers can use to open more credit card accounts.
Credit card lending boosts big banks' loan growth as consumer spending normalizes post-pandemic.
Buy now, pay later plans from the Klarnas of fintech introduced many online buyers to installment payments, but banks are poised to move in.
Today's customers seek customized cards, robust reward programs and a digital experience that many smaller institutions can't provide.
The credit card marketplace is changing, which is a big deal for any financial institution with a credit card product. TransUnion's Josh Turnbull and Craig LaChapelle have the insights banks need.
Personal loans and BNPL can increasingly be accessed via cards — one of several trends reshaping how consumers use this banking product.
Community banks and credit unions can unlock lending opportunities by helping customers get a grip on credit card debt.
The app 'Debbie' is the Noom for credit cards. It uses behavioral psychology and habit-changing lessons to help consumers pay down card debt.
Banks relying on interchange fees to fund credit card rewards programs face difficult budgetary decisions if the Durbin bill passes.
Credit card balances are reaching new highs, and consumers aren't paying their balances in full. Debbie cofounders Frida Leibowitz and Rachel Lauren say they have the solution.
With a billion credit cards in use in the U.S., and BNPL gaining fast, primary card status is tougher to achieve (and more vital) than ever.
Explore strategies for identifying, engaging and winning with consumers by adopting a risk to response mindset across campaign types.
Credit card reward points, historically limited to specific purchases, are becoming a type of currency, a trend that could boost card usage.
Customers demand intuitive, easy payment options. Banks and credit unions can meet the expectation by getting on board with digital wallets.
Connect with your customers and provide lightning-fast support as effortlessly as texting friends. Two-way SMS text messaging is no longer optional.
83% of FI leaders agree investing in AI is essential for 2024 but how you leverage AI is instrumental in success and meeting customer expectations.
Read More about Navigating the Role of AI in Financial Institutions
Wringing inflation out of the system is already hurting many consumers as rates rise. More pain is coming for them and for banks and fintechs.
The Durbin Amendment is blamed for the near elimination of debit card rewards. A new Durbin bill could do the same for credit card rewards.
Higher interest rates and alternative lending options, especially BNPL, prompt financially strained consumers to spend less on plastic.
Cashback is a fan favorite of credit card rewards programs, but should a rotating cashback calendar be part of your card marketing lineup?
Chase, U.S. Bancorp, BofA and others haven't seen any notable downtick in card performance. (They wouldn't mind seeing balances tick up.)
Banks and credit unions can't rely on their old, legacy revenue models. They're dead. Instead, innovative financial institutions must rethink their business models and include subscriptions in their strategy, says Segmint's vice president of product Joan Clark.
A successful credit card strategy must be based on three essentials: tailored products, mobile technology and financial education tools.
Rising rates have refocused credit card 'revolvers' on the cost of interest, and climbing prices prompt innovative features from issuers.
'The average American owns three credit cards.' 50 more credit card stats like that cover balances, payments, rewards, Gen Z use and more.
A low APR is still key, but new research reveals that active credit card users consider almost five factors, on average, when choosing cards.
Learn how to enhance your brand’s local visibility, generate more leads, and attract more customers, all while adhering to industry regulations and compliance.
Read More about The Power of Localized Marketing in Financial Services
Unlock the potential of your financial institution's digital future with Arriba Advisors. Chart a course for growth, value and superior customer experiences.